# Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5); Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to temporary regulations.
**SUMMARY:**
This document contains corrections to temporary regulations that were published in the *Federal Register* on September 4, 2003 (68 FR 52496) that revises temporary income tax regulations to providing guidance regarding the use of a nonaccrual-experience method of accounting by taxpayers using an accrual method of accounting and performing services.
**EFFECTIVE DATE:**
This correction is effective September 4, 2003.
**FOR FURTHER INFORMATION CONTACT:**
Terrance McWhorter (202) 622-4970 (not a toll free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The temporary regulations that are the subject of these corrections are under section 448 of the Internal Revenue Code.
**Need for Correction**
As published, this temporary regulation (TD 9090) contain errors that may prove to be misleading and are in need of clarification.
**Correction of Publication**
Accordingly, the publication of temporary regulations (TD 9090), which were the subject of FR Doc. 03-22458, is corrected as follows:
1. On page 52504, column 1, § 1.448-2T(f)(c) *T3Example 4* , the sixth entry in the table is corrected to read as follows:
| Taxable year | Total accounts receivable | Bad debts adjusted for recoveries |
| --- | --- | --- |
| * * * * * | | |
| 2002 | 90,000 | 16,800 |
| * * * * * | | |
2. On page 52504, column 1, § 1.448-2T(f)(c), *Example 4* (ii), third line, the language “Assume that $49,300 of the total $80,000 of” is corrected to read “Assume that $49,300 of the total $90,000 of”.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).